FG Issues 50 New Power Generation, Metering Licences
The Federal Government in the last quarter of last year issued 50 new power generation and metering permits.
A report by the Nigerian Electricity Regulatory Commission (NERC) stated that it approved the issuance of two new generation licences...
FG Secures $750m World Bank Loan For Power Projects
The World Bank Group has approved a loan of $750m to boost Nigeria’s power sector.
The loan with project ID P174622 was approved on June 9, 2023, making it the first World Bank loan approved under the...
CBN Reveals Earnings From Electricity Export Drop By 27%
Nigeria’s electricity export crashed by $58.1m in one year amid grid collapse.
Data from the Central Bank of Nigeria showed that the value of Nigeria’s electricity export was $213.66m in 2021 but dropped to $155.56m in 2022....
DisCos Raked In N202.62bn Revenue In Q3, 2022
The National Bureau of Statistics (NBS) said the 11 electricity Distribution Companies (DisCos) collected N202.62 billion revenue in the third quarter of 2021 (Q3 2021).
It rose by 7.54 per cent from the N188.11 billion collected in the...
International, Bilateral Electricity Consumers Owe Nigeria N4.71bn
International and bilateral power consumers that get supply from Nigeria owe the country about N4.71bn, figures obtained on Sunday from the Nigerian Electricity Regulatory Commission (NERC) showed.
It was gathered that the 10 international, bilateral and special power consumers...
'Nigeria, Africa Require $40bn For Stable Electricity'
Nigeria and African countries will require an average of $40bn power grid investments annually for about five years to deliver stable electricity to citizens on the continent, the Group Managing Director, Sahara Power Group, Kola Adesina, has said.
He...
